Fidelity Pennsylvania Municipal Income Fund (FPXTX)
The fund normally invests at least 80% of its assets in investment-grade municipal securities whose interest is exempt from federal and Pennsylvania personal income taxes. Potentially it invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund allocates assets across different market sectors and maturities.
Fund Info
US3163442094
316344209
Aug 6, 1986
$0
Expense Ratio
FPXTX has an expense ratio of 0.48%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Pennsylvania Municipal Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Pennsylvania Municipal Income Fund (FPXTX) returned -1.13% year-to-date (YTD) and 1.74% over the past 12 months. Over the past 10 years, FPXTX returned 1.79% annually, underperforming the S&P 500 benchmark at 10.26%.
FPXTX
-1.13%
-1.06%
-0.75%
1.74%
1.08%
1.79%
^GSPC (Benchmark)
-4.72%
-0.51%
-1.78%
11.67%
14.69%
10.26%
Monthly Returns
The table below presents the monthly returns of FPXTX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.33% | 0.88% | -1.66% | -0.77% | 0.10% | -1.13% | |||||||
| 2024 | 0.10% | 0.12% | -0.19% | -0.96% | -0.24% | 1.26% | 1.15% | 0.38% | 1.41% | -1.35% | 1.34% | -0.93% | 2.05% |
| 2023 | 3.00% | -2.28% | 1.99% | -0.38% | -0.52% | 0.91% | 0.23% | -1.32% | -2.95% | -0.93% | 6.52% | 2.32% | 6.40% |
| 2022 | -2.57% | -0.45% | -2.85% | -3.41% | 0.97% | -1.80% | 2.22% | -2.15% | -3.48% | -1.09% | 4.91% | -0.29% | -9.86% |
| 2021 | 0.62% | -1.56% | 0.71% | 1.13% | 0.53% | 0.34% | 0.78% | -0.42% | -0.76% | -0.16% | 0.88% | 0.10% | 2.19% |
| 2020 | 1.71% | 1.41% | -3.55% | -2.28% | 2.86% | 0.83% | 1.70% | -0.33% | 0.01% | -0.25% | 1.50% | 0.71% | 4.23% |
| 2019 | 0.81% | 0.50% | 1.62% | 0.33% | 1.59% | 0.40% | 0.85% | 1.80% | -0.74% | -0.04% | 0.12% | -0.22% | 7.20% |
| 2018 | -1.19% | -0.70% | 0.18% | -0.08% | 1.08% | -0.27% | 0.39% | 0.16% | -0.59% | -0.67% | 1.00% | 1.28% | 0.55% |
| 2017 | 0.44% | 0.41% | 0.16% | 0.70% | 1.52% | -0.20% | 0.70% | 0.70% | -0.38% | 0.34% | -0.65% | 1.15% | 4.97% |
| 2016 | 1.05% | 0.05% | 0.34% | 0.68% | 0.34% | 1.72% | 0.07% | 0.16% | -0.45% | -0.80% | -3.89% | 0.72% | -0.11% |
| 2015 | 1.86% | -1.01% | 0.45% | -0.62% | -0.08% | -0.19% | 0.72% | 0.18% | 0.62% | 0.28% | 0.44% | 0.43% | 3.10% |
| 2014 | 1.88% | 1.03% | 0.47% | 1.10% | 1.28% | 0.00% | 0.46% | 1.18% | 0.10% | 0.82% | 0.10% | 0.56% | 9.32% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FPXTX is 42, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Pennsylvania Municipal Income Fund (FPXTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Pennsylvania Municipal Income Fund provided a 2.66% dividend yield over the last twelve months, with an annual payout of $0.27 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.30 | $0.28 | $0.25 | $0.26 | $0.28 | $0.36 | $0.35 | $0.35 | $0.38 | $0.40 | $0.42 |
Dividend yield | 2.66% | 2.86% | 2.64% | 2.48% | 2.28% | 2.45% | 3.19% | 3.18% | 3.10% | 3.50% | 3.54% | 3.69% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Pennsylvania Municipal Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.02 | $0.03 | $0.00 | $0.00 | $0.07 | |||||||
| 2024 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.30 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.28 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.26 |
| 2020 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.08 | $0.36 |
| 2018 | $0.03 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.35 |
| 2017 | $0.00 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.03 | $0.35 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.03 | $0.38 |
| 2015 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.40 |
| 2014 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.42 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Pennsylvania Municipal Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Pennsylvania Municipal Income Fund was 16.22%, occurring on Oct 19, 1987. Recovery took 68 trading sessions.
The current Fidelity Pennsylvania Municipal Income Fund drawdown is 3.67%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.22% | Aug 18, 1987 | 45 | Oct 19, 1987 | 68 | Jan 21, 1988 | 113 |
| -14.66% | Aug 6, 2021 | 310 | Oct 25, 2022 | — | — | — |
| -11.6% | Feb 1, 1994 | 211 | Nov 22, 1994 | 126 | May 17, 1995 | 337 |
| -11.13% | Mar 10, 2020 | 9 | Mar 20, 2020 | 184 | Dec 10, 2020 | 193 |
| -8.96% | Sep 12, 2008 | 24 | Oct 15, 2008 | 62 | Jan 14, 2009 | 86 |
Volatility
Volatility Chart
The current Fidelity Pennsylvania Municipal Income Fund volatility is 3.40%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.